TOW Co.,Ltd.
FY ending June 2027 First Quarter Financial Summary [Japanese GAAP] (Consolidated)
For the cumulative first quarter, net sales were 4,196.322 million yen, down 2.3% year-on-year. Operating income was 242.722 million yen, ordinary income was 276.326 million yen, and net income attributable to owners of parent for the quarter was 173.508 million yen. Full-year forecasts were revised downward. The second-quarter outlook was revised down to net sales of 9,800 million yen and operating income of 828 million yen, and full-year forecasts were revised to net sales of 19,469 million yen and operating income of 1,652 million yen. The dividend forecast is maintained at 20.70 yen for the full year, including an interim dividend of 11.35 yen and a commemorative dividend of 2.00 yen. The report also addresses the status of treasury stock handling and the movement of year-end shareholders' equity.
Key Figures
- Net Sales Cumulative First Quarter: 4,196,322 thousand yen
- Operating Income Cumulative First Quarter: 242,722 thousand yen
- Ordinary Income Cumulative First Quarter: 276,326 thousand yen
- Net Income Attributable to Owners of Parent Cumulative First Quarter: 173,508 thousand yen
- Full-Year Net Sales Forecast: 194,690,000 thousand yen
- Full-Year Operating Income Forecast: 16,520,000 thousand yen
AI要約
Overview of Results
In the first quarter, net sales were 4,196.322 million yen, down 2.3% year-on-year. Operating income was 242.722 million yen, ordinary income was 276.326 million yen, and net income attributable to owners of parent for the quarter was 173.508 million yen. While a reactionary decline related to the Osaka/Kansai Expo was anticipated, accelerated timing of international sports events and increased revenue from large exhibitions partly offset the decline in sales. However, increased selling, general and administrative expenses resulted in profits falling below the prior year. Expecting recovery in the second half, the company has revised down the second-quarter and full-year outlooks.
Outlook and Key Points
For the second quarter, due to cancellations/reductions of multiple client projects, fewer order opportunities, and weather-related impacts, a decline in gross profit margin is expected. Net sales have been revised down to approximately 9,800 million yen and operating income to approximately 828 million yen. Full-year forecasts have been revised to net sales of 19,469 million yen and operating income of 1,652 million yen. The company plans to maintain the full-year dividend forecast of 20.70 yen, which includes an interim dividend of 11.35 yen and a commemorative dividend of 2.00 yen. The report also references capital policy and the status of treasury stock.
TOW Co.,Ltd.
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